new Bangkok Governor Khun Chadchart Sittipunt

Will Bangkok’s new governor have an impact on property development?

As new Bangkok Governor Khun Chadchart Sittipunt continues to work on implementing his ambitious policies, many are wondering if these will impact property development...

New Low Rise Projects Surrounding Bangkok Predict Future of Market

Major developer L.P.N. will use the remainder of the year to round out its property portfolio while also capitalizing on a not-yet-met demand for...

Drop in overseas interest

After being ranked as the fourth most-searched destination by British overseas property website themovechannel.com in June, interest in Thailand property investments dropped significantly during...

Curbs placed on Chinese

Property market is unlikely to be negatively affected by restrictions placed on Chinese.The Chinese are known globally for their property shopping sprees. Investing in...
The Bangkok condo boom has been derailed by the ongoing COVID-19 pandemic and its impact is expected to be felt once again in 2021. Colliers International Thailand estimates that only 20,000 units hit the market this year, the lowest total in 15 years, as developers curb new Bangkok condo launches. This total is slightly less than 2020 when 21,643 units were launched in the Thai capital, according to Colliers International Thailand. That is a far cry from the more than 66,000 units to come onto the market in 2017 or the nearly 45,00 launched the following year. While there had been some hope of new Bangkok condo launches recovering in 2021, Colliers International Thailand Associate Director of Research and Communications Phattarachai Taweewong told the Bangkok Post that the new lockdown order likely extinguished that hope with many developers expected to delay condo projects once again. "Some developers may consider delaying new condo launches again as they are uneasy about feedback from buyers amid with the contagion," Khun Phattarachai told the newspaper. "Low-rise houses will remain the rising star.” Related: Developers go low in Bangkok to avoid condo glut With new Bangkok condo launches sputtering, many homebuilders turned their attention to the low-rise housing sector and found success in the process. For example, more than 60 percent of Sansiri’s total sales last year came from low-rise housing. Meanwhile, SC Asset recorded revenue growth of 18 percent and profit growth of 26 percent during the first six months of 2020 due in large part to a 116 percent rise in housing sales. Many of the firm’s housing projects saw record-setting presales with many selling out completely. There will be some new Bangkok condo launches in 2021, but developers are being cautious in regard to location. A few new projects in and around Thong Lor are slated to be launched since demand here remains strong and supply limited. Additionally, a few developers are lining launches around the under-construction mass transit lines in suburban Bangkok.

What is influencing Bangkok’s moving market?

Bangkok's new projects are being built out of the Central Bangkok. The desire for brand new condominiums in Asia is strong. This is a long...
Logo of Thailand Property Awards 2014. Thailand-Property.com

Nine Thailand-Property.com Clients Recognized at Thailand Property Awards 2014

Thailand-Property.com Congratulates Clients for Their Success at the Thailand Property Awards 2014 BANGKOK, THAILAND (12 September, 2014) – Thailand-Property.com would like to congratulate nine of...

High-end launch for Riviera

Leading Pattaya property developer Riviera Group has launched a luxury high-end condominium in the Jomtien area of the city. The Riviera Jomtien (pictured) is being...

Phuket: demand/supply mismatch

Real estate firm Knight Frank has reported there was a mismatch between the demand and supply of condominiums in Phuket during the first nine...

Phuket Remains Leading Tourist Destination

  According to CBRE Thailand, the number of international tourist arrivals to Phuket grew by 6.9 percent year-on-year. In the first quarter of 2014, there...
Diamond Inya Palace Myanmar Real Estate

Is now a good time to invest in Myanmar real estate?

Myanmar has long been touted as a potential investment star of the ASEAN for years now. Like any frontier market, the country has experienced...